BorgWarner rose 1.9% during the morning session to $42.72 per share. As reported by Reuters: "Dec 6 ( Reuters ) - Auto parts supplier BorgWarner Inc said on Tuesday it plans to spin-off its fuel systems and aftermarket segments into a separate, publicly traded company. After the spin-off is complete, BorgWarner would consist of the e-Propulsion & Drivetrain and Air Management segments." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, BorgWarner has a trailing 12 month P/E ratio of 12.4 and a P/B ratio of 1.5.
BorgWarner has moved -8.0% over the last year compared to -14.7% for the S&P 500 -- a difference of 6.7%. BorgWarner has a 52 week high of $50.09 and a 52 week low of $31.14. At today's price of $42.72 per share, BorgWarner is -8.99% away from its target price of $46.94, and on average, analysts give the stock a rating of buy.2.8% of the company's shares are linked to short positions, and 97.1% of the shares are owned by institutional investors.
